I 摘要 随着全球经济的高速发展，国外现代公司治理理念和制度逐步引入我国，建立以公 司法人治理结构为核心的现代企业制度成为共识。董事会治理作为公司治理的关键，其 高效运作对公司长远发展的促进作用已得到各国公司实践的证明。因此，提升董事会治 理效果，从而提升公司竞争力，目前已成为理论界和实践界的共同关注焦点。 LK 公司是一家传统国有企业，现已改制为中央企业的二级子公司。在漫长的发展过 程中，虽然 LK 公司不断探索建立了董事会制度，但还存在着很多不规范的地方。为进 一步改善其董事会治理，本文以 LK 公司的实践为例，对其董事会治理问题进行了研究。 在阐释董事会治理及现代产权理论、委托代理理论等相关概念和理论的基础上，首先对 其董事会治理沿革进行了梳理，并研究了其董事会职能定位、规模和成员构成、领导权 结构、董事会秘书、机构设置、制度建设等治理结构现状，分析了董事会运作情况以及 取得的成效；然后，运用相关理论对其董事会职能弱化、董事会构成不合理、董事会运 作不规范、激励约束机制不健全等问题进行了深入分析；最后，提出了落实董事会职权、 优化董事会构成、规范董事会运作及健全有效激励约束机制等对策。 本文基于对 LK 公司董事会治理问题的研究，对 LK 公司进一步规范董事会治理具有 较强的现实意义，并对其他国有企业提供一定的借鉴和参考。 关键词 现代企业制度 公司治理 董事会治理河北大学硕士学位论文 II Abstract With the rapid development of global economy, foreign modern corporate governance concepts and systems are gradually introduced into China, and the establishment of modern enterprise system with corporate governance structure as the core has become a consensus. As the key of corporate governance, board governance has been proved by the practice of companies in various countries that its efficient operation can promote the long-term development of the company. Therefore, improving the governance effect of the board of directors, so as to enhance the competitiveness of the company, has become the common focus of theoretical and practical circles. LK corporation is a traditional state-owned enterprise, which has been transformed into a secondary subsidiary of the central enterprise. In the long development process, although LK corporation has been exploring the establishment of the board of directors system, there are still many nonstandard places. In order to further improve its board governance, this paper takes LK corporation's practice as an example to study its board governance. On the basis of explaining related concepts and theories such as board governance, modern property rights theory, principal-agent theory, etc., firstly, this paper firstly sorts out the evolution of its board governance, and studies the current status of its governance structure, including its functional positioning, scale and membership, leadership structure, board secretary, institutional settings, and system construction, and analyzes the operation of the board of directors and its results achieved; then, using the relevant theories, this paper conducts an in-depth analysis of the problems such as the weakening of the functions of the board of directors, the unreasonable composition of the board of directors, the nonstandard operation of the board of directors, and the imperfection of the incentive and restraint mechanism; finally, this paper puts forward some countermeasures such as implementing the functions and powers of the board of directors, optimizing the composition of the board of directors, standardizing the operation of the board of directors and improving the effective incentive and restraint mechanism.Abstract III Based on the research on the board governance of LK corporation, this paper has a strong practical significance for LK corporation to further standardize the board governance, and provides certain reference for other state-owned enterprises. Keywords Modern enterprises system Corporate governance Board governance河北大学硕士学位论文 IV 目 录 第一章 绪论.............................................................................................................................1 1.1 研究背景及研究意义..................................................................................................1 1.1.1 研究背景...........................................................................................................1 1.1.2 研究意义...........................................................................................................2 1.2 文献综述......................................................................................................................2 1.2.1 董事会治理相关研究.......................................................................................2 1.2.2 LK 公司相关研究..............................................................................................4 1.3 研究内容、方法与创新点..........................................................................................4 1.3.1 研究内容...........................................................................................................4 1.3.2 研究方法...........................................................................................................5 1.3.3 创新点...............................................................................................................5 第二章 相关概念和理论基础.................................................................................................6 2.1 相关概念......................................................................................................................6 2.1.1 公司治理...........................................................................................................6 2.1.2 董事会治理.......................................................................................................6 2.1.3 董事会治理的典型模式...................................................................................7 2.2 理论基础......................................................................................................................9 2.2.1 现代产权理论...................................................................................................9 2.2.2 委托代理理论.................................................................................................10 2.2.3 股东至上理论.................................................................................................11 2.2.4 利益相关者理论.............................................................................................11 2.2.5 资源依赖理论.................................................................................................12 第三章 LK 公司董事会治理沿革及现状..............................................................................13 3.1 LK 公司概况...............................................................................................................13 3.2 LK 公司董事会治理沿革...........................................................................................14目 录 V 3.2.1 尝试探索期.....................................................................................................15 3.2.2 实质建设期.....................................................................................................16 3.3 LK 公司董事会治理现状...........................................................................................17 3.3.1 公司股权结构.................................................................................................17 3.3.2 公司治理结构.................................................................................................18 3.3.3 公司董事会结构.............................................................................................19 3.3.4 公司董事会运作情况.....................................................................................23 3.3.5 董事会治理取得的成效.................................................................................28 第四章 LK 公司董事会治理问题分析..................................................................................30 4.1 董事会职能弱化............................................................................................